AUD/CHF 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rise of the Australian Dollar against the Swiss Franc has been developing within the area restricted by two upward-tilted lines. The formation helped the pair to reach a multiple-month high of 0.8368; now the pair is trading exactly at this peak and given that the currency couple is likely to continue its climb at least until it attains the upper trend-line, the recent high may not be a limit. Market sentiment props up this idea-almost 87% of traders on the SWFX are bullish on the pair.
© Dukascopy Bank SA
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Wed, 14 May 2014 07:14:04 GMT

EUR/JPY 1H Chart: Channel Down

Considering the Euro trend against the Japanese Yen, we may see some similarities with EUR/AUD pattern. The Euro again demonstrated its inability to gain value versus its overseas peer thus forming a 99-bar long channel down pattern. Now the currency couple is sitting close to a two-month low of 139.89. However, a future direction of the pair seems unclear-market participants are

Wed, 14 May 2014 07:03:35 GMT

EUR/AUD 1H Chart: Channel Down

The single European currency has been depreciating against the Australian Dollar since early May when the instrument hit a one-month high of 1.5019. The currency pair has been vacillating inside a bearish channel for 112 hours and now it is sitting at the lower limit of the formation that is located near a one-year low of 1.4582. In fact, a

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